Re: being 'ripped off' by Coinbase :( trying to get some help....
I believe you are confused some. I think the way Counbase verifies bank accounts is by THEM making 2 deposits into YOUR bank account and you telling them what those 2 amounts were, that way they know you have access to that bank account.
The amounts are very small and then they reverse and take the amounts back, but they will still show up on your bank statement or online.
Everything they do is for your protection.
The amounts are very small and then they reverse and take the amounts back, but they will still show up on your bank statement or online.
Everything they do is for your protection.
Sorry this is not correct - they make you send a small amount and if you read my post above you will see how bad they treat you when they do that
Well I guess its different depending on where your from. I never had to send them any money and had to verify my bank account how I posted. I have made many withdrawals since without a problem.
I have no doubt that many people withdraw from Coinbase without problems. But the fact remains that I could not get money out of my account after being with Coinbase for nearly 2 years because of some ludicrous need to verify a bank account with 6 Euros and this became impossible because they choose to not communicate with their customers.
I don't really agree with what you are saying. I have used Coinbase both in Singapore and the UK. Both of these countries are countries in which Coinbase state they operate. They operate in these countries and I have had to go through some of the hardest AML/KYC procedures with Coinbase to set up an account and operate an account. They have certain restrictions on operating in these countries and part of that is withdrawal limits. My request to take the money out was within my verification and withdrawal limits for the UK in which I now live. These limits are all set by Coinbase and I follow there procedures. So I am certainly not going to applogise for Coinbase because I could not get my money out after weeks of trying. The only reason I could not get it out was because they would not communicate with me and ignored all requests for support.
The fact remains regardless of them being a US based company. They did not treat me fairly as a customer and this is a plain fact.
Hello fellow Brit!
I'm sorry to hear that you are in the same shoes as I am, however I have deposited 2 x 10 EUR to my account. I now have EUR 20 in there.
Why I use Coinbase is because I do some mining on NiceHash and due to the recent jump in Bitcoin transaction fees, they increased the minimum withdrawal limit to 0.011 BTC which is A LOT, while smaller amounts can be withdrawn to Coinbase. Unfortunately NiceHash only provides both of these options.
Is your account pending bank verification now?
Thanks again.
Hi mate - sorry for endless quotes - it was always in the pending verification stage with a message stating that it will be verified in one to two business days - after a few weeks of waiting that was obviously not going to happen. The annoying thing is that they told me originally to send a small deposit to verify the account which I did being one Euor - there was no mention that it had to be 6 Euros so why would I send to them any more than the minimum the Bank would send. Also what dam difference does it make if it is 1 or 6 Euros as the deposit was verified and came from my Bank account. If this was not stall tactics I really do not know what is. Also incidentally no apology or anything was ever received from Coinbase.
No problem mate. Sorry to learn of your huge loss.
You are right that whether its a cent or 6 EUR its the same. In fact the screen says make a small deposit in EUR without specifying the minimum amount.
They seem to be doing there on purpose to scam us one way or another....